Radware (NASDAQ:RDWR – Get Free Report) updated its third quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.19-0.21 for the period, compared to the consensus EPS estimate of $0.18. The company issued revenue guidance of $67.5-69.0 million, compared to the consensus revenue estimate of $66.98 million.
Analyst Upgrades and Downgrades
RDWR has been the topic of several research analyst reports. StockNews.com lowered Radware from a strong-buy rating to a buy rating in a research report on Thursday, July 25th. Needham & Company LLC reiterated a hold rating on shares of Radware in a research note on Friday, May 17th.
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Radware Stock Up 11.4 %
Radware (NASDAQ:RDWR – Get Free Report) last issued its earnings results on Wednesday, May 8th. The information technology services provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $65.10 million for the quarter, compared to analysts’ expectations of $63.57 million. Radware had a negative return on equity of 2.62% and a negative net margin of 7.67%. Radware’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the business earned ($0.02) EPS. Equities analysts predict that Radware will post 0.08 earnings per share for the current fiscal year.
About Radware
Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware's Core Business and The Hawks' Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.
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